Russia and Armenia completely abandon settlements in dollars and euros – Kerobyan

YEREVAN, March 16. /ARKA/. Russia and Armenia have completely abandoned settlements in US dollars and euros, Armenian Economy Minister Vahan Kerobyan said.

“The ruble is too volatile now, so the Armenian dram now looks more preferable, but the potential of its use in bilateral trade is limited,” Kerobyan said in an interview with Russian daily ‘Vedomosti’.

The leaders of Armenia and Russia agreed to expand the use of national currencies in mutual trade settlements in April 2022. –0—

spot_img

POPULAR

Inflation of 4.4% recorded in Armenia in August

In the Armenian consumer market, 12-month inflation in August of this year amounted to 4.4%, according to a report from the Statistical Committee of Armenia.

Net inflow of remittances to Armenia from abroad increased by approximately 2.2 times in 7 months

The net inflow of cross-border transfers to individuals in Armenia, received from abroad through the Armenian banking system, amounted to $1.56 billion in January-July 2026, compared to $716.6 million in January-July 2025, according to a report from the Central Bank of the Republic.

Euro, dollar, and ruble exchange rates against the Armenian dram rose after declining in previous days: Central Bank

The average market exchange rate for the US dollar against the Armenian dram, determined on the Armenian foreign exchange market, increased by 0.05 points on September 3, 2026, compared to September 2, to 364.19 drams.

IDBank Warns of a New Extortion Scheme on Telegram

A new scam technique is becoming widespread in the Russian-language segment of Telegram, including among users in Armenia.

IMF noted the low level of insurance coverage for natural disaster risks in Armenia

Insurance penetration in Armenia remains low, particularly in agriculture and property insurance, according to the International Monetary Fund's report "Armenia: Climate Policy Diagnostic - July 2026," published on September 3, 2026.

LATEST NEWS

spot_imgspot_imgspot_img